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Chariot Oil Share Chat (CHAR)



Share Price: 23.25Bid: 23.00Ask: 23.50Change: 0.00 (0.00%)No Movement on Chariot Oil
Spread: 0.50Spread as %: 2.17%Open: 23.00High: 23.25Low: 23.25Yesterday’s Close: 23.25


Share Discussion for Chariot Oil (CHAR)


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PTJones
Posts: 1,024
Off Topic
Opinion:Strong Buy
Price:25.75
Posted by Tarles on iii
20 Mar '14
Some very interesting stuff came out of the presentation some of which hasn't been mentioned like...

GMP - With the Namibia Central Blocks data room open and a twin-track partnering process in Morocco getting started, Chariot’s results presentation confirmed that the pathway to exploration drilling is real, tangible and being actively pursued. We think that a schedule of activity could materialise faster than the market currently expects.

FinnCap - Overall, a positive update today and we expect this to become a newsflow-driven story over the remainder of this year. Definitely one you should be revisiting!

Angel - See this as the calm before a period of sustained activity, which includes drilling and seismic. As a result, 2014 is a year of transition.

After the long wait for this to turn, I think we can be more confident that this has done so and with capital discipline that LB promised we end up debt free with more cash in the bank for further commitments that will see us through to Y/E 2015!

In a nutshell...

The industry continues to demonstrate its willingness to fund frontier exploration in the regions where Chariot has acreage positions. With several major companies having acquired new licences in Namibia in the past six months, including Shell, we think a schedule for activity in the event of a successful farm out is a distinct possibility. This bolsters our view that the shares can be viewed as an inexpensive way to thematically access other operators’ drilling activity in Mauritania (Tulllow), Morocco (Kosmos, Genel, Cairn, Galp) and Namibia (Repsol).

Regarding the Centrals...

A deal in these two areas and think it is more a case of when not if, given the size of the prospects.

T
 
poll
Posts: 563
Observation
Opinion:No Opinion
Price:25.75
FQ320MR
20 Mar '14
Nice one. Charts and fundamentals looking bright. Liking the tier 1 and tear 2 farm out strategy and nice to hear morocco data room already open as well as namibia central blocks. With mauritania data room to open along with Brazil later on, it's gonna be a busy year hopefully.
FQ320MR
Posts: 772
Observation
Opinion:No Opinion
Price:25.75
Poll
20 Mar '14
I hope so they are still pretty close you really have to zoom in to get some daylight remember it's only one indicator I'm more excited about the trend forming, it's not a normal one either thanks to the two excursions above the top line one the 11th and 12th so it's one to watch if this time we stay above ..

Fingers crossed Charioteers !!

MR
poll
Posts: 563
Observation
Opinion:No Opinion
Price:25.75
FQ320MR
20 Mar '14
Do u rekon that golden cross is looking good now mate? Long term hold hopefully
FQ320MR
Posts: 772
Observation
Opinion:No Opinion
Price:25.75
We
20 Mar '14
Had a spate of no UT's a while back, still happy ; ))

MR
ShareDreamz77
Posts: 1,221
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:25.75
talltony
20 Mar '14
Ey up fella ...

There was no PME Or UT ... That was the close ...

Canny complain, more tomorrow please ...
talltony
Posts: 1,305
Off Topic
Opinion:No Opinion
Price:25.75
View Thread (2)
RE: CLOSE ... Errrrrr ....
20 Mar '14
Its not closed yet… extended auction perhaps?
ShareDreamz77
Posts: 1,221
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:25.75
View Thread (2)
CLOSE ... Errrrrr ....
20 Mar '14
Showing Share Price: 25.75 Bid: 25.50 Ask: 26.00 Change: 2.25 (+9.57%)

But no PME or UT as yet ...
firegazer
Posts: 1,546
Off Topic
Opinion:No Opinion
Price:25.75
FQ
20 Mar '14
I like trends, specially when they are upwards ;))

A good day. onwards and upwards chaps :) GLA
PTJones
Posts: 1,024
Off Topic
Opinion:Strong Buy
Price:25.75
The B word
20 Mar '14
BREAKOUT ! :-)



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